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Title VI COUNTY, TOWNSHIP AND POLITICAL SUBDIVISION GOVERNMENT

 Chapter 70

previous next Effective - 28 Aug 1967bottom

  70.665.  Death of retirant prior to receiving benefits equal to his contributions, balance to his nominee or estate. — In the event a retirant dies before he has received in allowance payments an aggregate amount equal to his accumulated contributions standing to his credit in the members deposit fund at the time of his retirement, the difference between such accumulated contributions and such aggregate amount of allowance payments received by him shall be paid to such person as he shall have nominated by written designation duly executed and filed with the board.  If there be no such designated person surviving such retirant, such difference, if any, shall be paid to the retirant's estate.  In no case shall any benefits be paid under this section on account of the death of a retirant if any allowance becomes payable by the system on account of his death.

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(L. 1967 p. 141 § 14)


---- end of effective   28 Aug 1967 ----

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